Epack Prefab Technologies IPO Opens with Rs 504 Crore Issue

Epack Prefab Technologies, a turnkey pre-engineered steel buildings and prefabricated structures company, has opened its IPO with a Rs 504 crore issue. The company is raising funds from the primary markets and has set a price band of Rs 194-204 per equity share. The IPO is open for subscription from September 24 to September 26, with allotment expected to be finalised on September 29 and listing on October 1. According to experts, the issue appears to be aggressively priced, with a P/E ratio of 34.5 times and EV/EBITDA of 15.4 times.

Key Takeaways:

Epack Prefab Technologies is raising Rs 504 crore from the primary markets through its IPO.
The company has set a price band of Rs 194-204 per equity share.
The IPO is open for subscription from September 24 to September 26.
The allotment for the shares is expected to be finalised on September 29.
The listing on the exchanges, BSE and NSE, is likely to be on October 1.
The issue appears to be aggressively priced, with a P/E ratio of 34.5 times and EV/EBITDA of 15.4 times.
Monarch Networth Capital is the book-running lead manager for the IPO, and Kfin Technologies is the registrar.
Epack Prefab Technologies is engaged in turnkey pre-engineered steel buildings and prefabricated structures, handling design, fabrication, and installation for industrial, institutional, and commercial sectors.
The company leverages process innovation and advanced technology to enhance efficiency and customisation, while cost competitiveness enables prefab solutions that balance affordability and functionality.

Statistics:

The IPO is open for subscription from September 24 to September 26.
The prize band is set between Rs 194-204 per equity share.
The company is raising Rs 504 crore from the primary markets.
The allotment for the shares is expected to be finalised on September 29.
The listing on the exchanges, BSE and NSE, is likely to be on October 1.
The GMP (grey market premium) is around 7% at Rs 218 per share.

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